Improved business mix and continued stable gross margin development during the quarter
Sales for PowerCell Sweden AB amounted to SEK 30.0m for the first quarter 2022 compared to SEK 29.7m the same quarter last year. Operating income at SEK -28.6m (-23.9) was impacted by investments in sales and marketing. Gross margin for the quarter was 32.8% (32.4), following a continued stable development.The English version is an in house-translation. In case of any discrepancy, the Swedish text will prevail. The first quarter 2022 saw an increased interest in hydrogen-electric solutions with a greater proportion of total sales being generated by a growing number of customers in